Reaffirming its 1992 decision in Dewsnup v. Timm, on June 1, 2015, the U.S. Supreme Court in Bank of America v. Caulkett, No. 13-1421, once again ruled that a chapter 7 debtor may not void a junior lien under Bankruptcy Code...more
6/13/2015
/ Bank of America v. Caulkett ,
Chapter 11 ,
Chapter 7 ,
Consumer Bankruptcy ,
Dewsnup ,
Foreclosure ,
Junior Liens ,
Lien Stripping ,
Liens ,
Mortgages ,
SCOTUS ,
Section 506 ,
Secured Debt ,
Underwater Homeowners
The right to credit bid is one of the most important protections afforded a secured creditor. Recognized under both state and bankruptcy law, the right to credit bid safeguards against undervaluation at an asset sale, whether...more